It doesn't matter how big you are!
Now one would have thought that a bank like Lloyds (in the UK) would be well-protected from any form of cyber attack bcxlcdy. Not so……
In what has hitherto been kept under wraps, it appears that Lloyds was the subject of a DDoS (Denial of Service) just last month.
“Lloyds Bank was forced to go offline after a 48-hour Denial of Service (DDOS) attack crippled their systems and blocked access to 20 million UK accounts.
The DDoS attack went on for about 2 days, from January 11 to January 13th, as Lloyds, in addition to Halifax and Bank of Scotland, were bombarded with millions of fake requests designed to bring their systems to a standstill. The attack only affected the availability of services, and no customers suffered any financial loss.
In a DDoS attack, online systems are flooded with huge amounts of data, with hopes to overload the site and take services offline. This form of attack is generally conducted by hired competitors, hacktivists, or other interest groups. It is important to note that DDoS attack have been using in the past to hide other malicious activity going on within an organizations IT estate.
“This DDoS attack comes just months after the Tesco Bank attack that left 9,000 Tesco customers with £2.5 million in fraudulent transactions. The shortly after that attack, the UK banking sector enacted contingency plans that enable members to share critical intelligence information in hopes to prevent these kinds of disruptive and damaging attacks.”
Yet again, the case for securing details about oneself away – that is trying to minimise, if not avoid outright – from prying eyes is clear. LifeBank provides a solution to the problem. Check out LifeBank at www.lifebanksystems.com